State Pensions (Hansard, 8 November 1995)

§ Mr. Gordon Prentice
To ask the Secretary of State for Social Security what the current level of the state pension would be today if the break with earnings had not been made. [41677]

§ Mr. Denham
To ask the Secretary of State for Social Security (1) if he will recalculate tables El and E3 of the latest national insurance fund long-term financial estimates on the basis that(a) the number of future entrants to the state earnings-related pension scheme are (i) half the assumed level, (ii) a quarter the assumed level, and (iii) there are no new entrants, (b) the number of people assumed to be contracted into the state earnings-related pension scheme next year is at half its assumed level and that future entrants to the scheme are (1) half the assumed level, (2) a quarter the assumed level, and (3) there are no new entrants and (c) the number of people assumed to be contracted into the state earnings-related pension scheme next year is at a quarter of its assumed level and that future entrants to the scheme are (x) half of the assumed level, (y) a quarter of the assumed level and (z) there are no new entrants; [42211]
(2) if he will list the assumptions used in tables El, E2 and E4 of the latest national insurance fund long-term financial estimates for (a) the number of people assumed to be contracted-in to the state earnings-related pension scheme; (b) the number of people assumed to be contracted-out of the state earnings-related pension scheme into personal pension plans and (c) the number of people assumed to be contracted-out of the state earnings-related pension scheme who are in occupational schemes. [42194]

§ Mr. Heald
I will write to the hon. Members shortly.

§ Mr. Denham
To ask the Secretary of State for Social

Paid in year Contracted-out rebate 2 per cent, incentive 1 per cent, addition Total £ millions

1988–89 410 — — 410

1989–90 2,280 924 — 3,204

1990–91 1,819 637 — 2,456

1991–92 1,951 671 — 2,622

1992–93 2,045 694 — 2,739

1993–94 2,134 718 — 2,852

1994–95 1,757 17 225 1,999

Note:
This table shows the expenditure, at 1995–96 prices, on contracted-out rebates and incentive and additional payments for appropriate personal pensions in each of the years for which published figures are available. Figures for 1994–95 are estimates.
Source:
Government Actuary's Department (costs adjusted to 1995–96 prices).
Figures relate to Great Britain.

Paid in year	Contracted-out rebate	2 per cent, incentive	1 per cent, addition	Total £ millions
1988–89	410	—	—	410
1989–90	2,280	924	—	3,204
1990–91	1,819	637	—	2,456
1991–92	1,951	671	—	2,622
1992–93	2,045	694	—	2,739
1993–94	2,134	718	—	2,852
1994–95	1,757	17	225	1,999